Air Transport World

Texas Pacific eyes Iberia.(News Briefs)(Brief article)

Iberia received a takeover approach from Texas Pacific Group on March 30 that values the Spanish flag carrier at [euro]3.60 per share or about [euro]3.4 billion ($4.5 billion). Iberia has indicated it is open to a sale or partial sale. TPG would need to find an EU partner in the acquisition to comply with EU ownership laws and protect IB's status and traffic rights. …

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